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03 Feb
15:11

Turkish rebar continues to rise amid costlier scrap

Turkish rebar producers are continuing to increase their rebar export quotes due to the persistent rise in scrap prices, Kallanish notes. Turkish mills’ rebar export quotes, which stood at $720-725/tonne fob Turkey actual weight a week ago, were mostly at $730-740/t fob on Thursday. Higher levels are also being quoted by some producers, however. Turkish mills have continued sales this week, although no large-volume rebar sales have been heard. One mill, whi…
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